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1 bedroom apartment for sale

Lovell House, 4 Skinner Lane , Leeds

Withdrawn from Market £105,000

Property Description

Key features


Full description

Tenure: Leasehold

OVERVIEW Located on an upper floor of a popular development, this spacious 1 bedroom contemporary style apartment makes an ideal investment for any investor looking for solid returns with capital appreciation prospects due to its location in a growing area undergoing redevelopment.

The open plan living area is long and spacious and offers a high gloss kitchen, with all mod-cons at one end.

There is lots of window space in the lounge which fills the apartment with light.

Off the hallway is a good size double bedroom, contemporary house bathroom and a large storage cupboard.

The Vendor informs us that the following approximate charges apply:

Service Charge: £1,016 PA
Ground Rent: £200 PA
Leasehold: 150 years from 2004

Currently let until at £625 pcm until Feb 2019, this being on a FURNISHED basis - with a possible gross yield of 7.42% if the rent was optimised to the current market value of £650pcm. 

THE DEVELOPMENT Lovell House is a large and imposing new-build development, located just off North Street, and situated on Skinner Lane. It is a medium size development, with around 90 apartments in total, all of which have balconies, and access to a lovely central communal garden.
Close to the city centre, with New Briggate and Vicar Lane only being a short walk up the road. 

LOUNGE / DINING ROOM The lounge / dining room is a good size and provides plenty of space for entertaining guests. This is one of the bigger 1 bedroom apartments in Leeds City Centre and it is clearly noticeable inside.

KITCHEN The kitchen is very mdoern. The kitchen offers a range of built-in appliances, including oven, hob and extractor - as well as a free standing fridge freezer.

BEDROOM The bedroom is a great size. The room will easily allow for a king-size bed, wardrobes and any other required bedroom furniture.  

BATHROOM The house bathroom is mainly tiled, with white sanitary ware, thermostatically controlled shower over bath, large wall mirror and heated towel rail. 

PARTICULARS Service Charge: £1,016 PA
Ground Rent: £200 PA
Leasehold: 150 years from 2004  

TENANCY DETAILS Currently let at £625pcm on a furnished basis until Feb 2019, providing a fantastic current yield of 7.14%. The ERV is £650pcm and ad £650pcm the yield would be 7.42%. 

WHY INVEST IN LEEDS The Leeds city region incorporates ten local authorities and the cities of Leeds, Bradford, Wakefield and York. A base for over 109,000 companies who generate 5% of England's total economic output of £60.5 billion. This area is an emerging global economic powerhouse. The Leeds city region is the largest outside of London, core contributors to the regions economic growth is the £13 billion financial and professional
services sectors in addition to the £7 billion manufacturing sector. During the last global recession the economy of the region grew by 40%, the main contributing factor to this growth is the diversity of the regions
economy. The region has thousands of companies in varying sectors providing a dynamic yet secure future for the region. 

Listing History

Added on Rightmove:
03 May 2018

Map & Street View

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